https://www.taxtmi.com/caselaws?id=94874 Modvat credit on polyvinyl chloride compound used in cable manufacture could not be denied merely because cable scrap emerged and was cleared without duty. The scrap was treated as waste and scrap, not as a separate final product, and Rule 57D(1) protected input credit even where waste, refuse or by-product arose in the manufacturing process. The view that no scrap or by-product could result from processing inputs was rejected, and the classification of the cleared material as waste and scrap supported the assessee's entitlement to credit. en-us Fri, 19 May 2000 00:00:00 +0530 Mon, 05 Dec 2011 15:23:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=94874 Modvat credit on polyvinyl chloride compound used in cable manufacture could not be denied merely because cable scrap emerged and was cleared without duty. The scrap was treated as waste and scrap, not as a separate final product, and Rule 57D(1) protected input credit even where waste, refuse or by-product arose in the manufacturing process. The view that no scrap or by-product could result from processing inputs was rejected, and the classification of the cleared material as waste and scrap supported the assessee's entitlement to credit. Case-Laws Central Excise Fri, 19 May 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=94874